Rupee plunges to 28-month low amid global turmoil

ECONOMIC TIMES, MUMBAI | 20 January 2016 21:07 IST

Hit by global growth concerns, the rupee today crashed below the 68-level after 28 months and closed 23 paise down at 67.95 on fresh demand for the American currency from importers amid a massive fall in domestic stock markets.

A forex dealer said that persistent foreign capital outflows also affected the market sentiment. CLICK TO READ MORE